This approval was granted during a meeting held between ADAA’s delegation headed by His Excellency Riyad Al Mubarak, Chairman of ADAA and Mr. David Costello, President and CEO of the National Association of State Boards of Accountancy “NASBA” and Mr. Ken Bishop, Senior Vice President and COO of NASBA.
A confirmation on choosing Abu Dhabi as a location to host the CPA examination starting from the 2nd or 3rd quarter of 2011 was a result of ADAA’s discussions with NASBA over a span of 2 years on the suitability of the Emirate to host this examination.
In 2008, ADAA initiated contact with the Illinois Board of Examiners proposing to host the CPA examination in Abu Dhabi which coincided with the review and research being conducted by the Committee of Internationalization of the CPA Examination to identify potential international exam sites and setting the governing regulations and security policy for this process. NASBA had also declared in its 2009 Annual Report that expanding the CPA exam to other international countries is being reviewed with the consideration of two locations only, these were Japan and the United Arab Emirates without any confirmations on the mentioned sites.
Recently the American Institute of Certified Public Accountants (AICPA), NASBA and Prometric – the three organizations collaboratively offering the exam in the US- announced that they have reached an agreement on how to best administer the exam in 5 international locations confirming Japan and the United Arab Emirates as well as three additional locations, being Lebanon, Bahrain and Kuwait.
His Excellency, the Chairman of ADAA noted, “We are very pleased with NASBA’s approval of our proposal to host the CPA examination in Abu Dhabi as it denotes our dedication towards fulfilling one of our four strategic goals; specifically the one relating to developing human capital and training Emirati graduates.”
“Conducting the CPA exam in the UAE will surely be a strong motivator to develop and qualify graduates in the UAE and professionals in both the public and private sectors equally, as this certificate is recognized globally as one of the most prestigious professional degrees in the financial and business sectors and making it more accessible will certainly play a vital and crucial role in the enhancement of professionals’ standards in the UAE and the region,” Al Mubarak added.
Wednesday, October 20- 2010 @ 14:42 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.